BTC $82,451.59 +1.24%
ETH $2,483.48 +1.59%
BNB $739.87 +1.71%
XRP $1.39 +2.16%
SOL $109.47 +1.35%
TRX $0.3316 -0.46%
DOGE $0.0846 +2.00%
ADA $0.2373 +3.69%
BCH $275.24 -1.47%
LINK $12.81 +3.39%
HYPE $84.26 +0.57%
AAVE $168.43 +2.68%
SUI $1.06 +3.47%
XLM $0.1928 +1.64%
ZEC $1,212.08 +5.41%
AAPL $337.94 -1.07%
AMZN $261.44 +2.45%
GOOGL $351.67 +1.02%
MSFT $536.91 +2.79%
META $719.48 +0.10%
NVDA $229.71 -0.26%
TSLA $384.24 +3.37%
SNDK $1,588.71 -1.24%
INTC $105.37 -0.98%
SPCX $161.09 -0.78%
MU $1,027.89 -1.19%
AMD $611.51 -0.95%
BTC $82,451.59 +1.24%
ETH $2,483.48 +1.59%
BNB $739.87 +1.71%
XRP $1.39 +2.16%
SOL $109.47 +1.35%
TRX $0.3316 -0.46%
DOGE $0.0846 +2.00%
ADA $0.2373 +3.69%
BCH $275.24 -1.47%
LINK $12.81 +3.39%
HYPE $84.26 +0.57%
AAVE $168.43 +2.68%
SUI $1.06 +3.47%
XLM $0.1928 +1.64%
ZEC $1,212.08 +5.41%
AAPL $337.94 -1.07%
AMZN $261.44 +2.45%
GOOGL $351.67 +1.02%
MSFT $536.91 +2.79%
META $719.48 +0.10%
NVDA $229.71 -0.26%
TSLA $384.24 +3.37%
SNDK $1,588.71 -1.24%
INTC $105.37 -0.98%
SPCX $161.09 -0.78%
MU $1,027.89 -1.19%
AMD $611.51 -0.95%

ssi

All
Article
Flash

first_img XRP Ledger activates delegated permission functionality, supporting the separation of payment and compliance functions

On October 8, the XRP Ledger activated the PermissionDelegationV1_1 feature, allowing account owners to authorize other accounts to perform specific tasks without relinquishing control of the account's master key. According to the monitoring site XRPL Dashboard, such upgrades require over 80% support from trusted validators for two consecutive weeks; based on the current 35 validators, at least 29 must support it. The countdown for this feature was reset in September due to the support rate falling below the threshold.This feature allows enterprises to split permissions by function. Stablecoin issuers can authorize compliant accounts to approve new customers while keeping the master key offline. Authorized accounts use their own keys to sign and can only perform the granted operations; owners can change or revoke these permissions at any time. Each authorized account can receive up to 10 permissions, which limit the types of operations they can perform, rather than automatically setting spending limits. Banks have previously separated payment and compliance responsibilities at the employee level, and this upgrade enforces such division at the ledger level.According to a report shared by Evernorth, a subsidiary of XRP Treasury, the network held an average of $3.72 billion in tokenized assets and $539 million in Ripple's RLUSD stablecoin in the second quarter, totaling approximately $4.26 billion. Official guidance advises users not to delegate PaymentBurn permissions before separately fixing activation; this permission is intended for assistants to destroy tokens but, under certain conditions, also allows for the creation of new tokens. This warning pertains to tokens issued on the ledger rather than newly minted XRP.

first_img Matter Labs open-sources Prividium permission engine, German central bank tests self-hosted deployment

On September 8, the ZKsync development team Matter Labs announced that it has open-sourced the permission engine of its privacy blockchain platform Prividium for financial institutions under the Apache 2 license. This engine is responsible for managing roles and access permissions on the chain, determining who can read and write data. After the open-sourcing, institutions can run the permissioned chain in their own environment based on the public code without signing commercial agreements, and can independently inspect, run, and modify the core code, reducing reliance on a single vendor.The Deutsche Bundesbank became the first institution to test and deploy the open-source permission engine in its own infrastructure. Matter Labs stated that both parties will continue to collaborate on platform design and testing. Prividium achieves privacy by keeping transaction data within the institution, only recording zero-knowledge proofs that the ledger has been correctly updated on Ethereum or other compatible chains. Previously, the core of ZKsync OS, Atlas sequencer, Airbender prover, interoperability contracts, and block explorer and monitoring components have been open-sourced.Matter Labs CEO Alex Gluchowski stated that feedback from regulators indicated that relying solely on commercialized core components leads to unacceptable single vendor dependency, and the ability to run, inspect, and modify the code independently is a prerequisite for adoption. He also pointed out that this open-sourcing does not change the role of the ZK token, only adjusting which parts of the Prividium software are public code and which remain commercial products. Connectors such as management consoles, user access tools, and core banking system integrations remain paid products.
app_icon
ChainCatcher Building the Web3 world with innovations.